Following the launch of the Spot Ethereum ETFs, the price of Ethereum has been facing unexpected struggles. Despite the initial excitement surrounding the ETF launch, the second-largest cryptocurrency by market cap has seen a decline in value, losing around 10% since the trading began on Tuesday, July 23. This decline may continue, according to an
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As several Ethereum ETFs went live this week, there was anticipation for a positive price impact. However, the reality was quite different as the price fell by over 10%, turning the ETF launch into a sell-the-news moment. The support level at $3,300 also flipped into a resistance, indicating bearish sentiment. If buyers fail to reclaim
Market Update The cryptocurrency market experienced notable volatility this week, with significant movements influenced by political events and technical factors. Bitcoin dropped to the $64k range before rebounding above $67K. Ethereum showed weak performance relative to both the dollar and BTC, despite the launch of spot ether ETFs. A Solana-based meme token linked to Democrat
Robert Kennedy Jr.’s unveiling of an ambitious financial policy plan during the industry day of the annual Bitcoin conference in Nashville, Tennessee has sparked a conversation about transforming the United States into the world’s largest holder of Bitcoin. With a focus on strategically acquiring Bitcoin to match the current US gold reserves, Kennedy Jr. aims
The upcoming Bitcoin options expiry event on July 26 is set to see around 61,200 contracts with a notional value of $4.26 billion. This particular expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that almost twice as many long
Illuvium, a blockchain-based gaming platform, has recently launched its mainnet for players worldwide. With the aim of attracting and rewarding early game users, Illuvium has introduced an airdrop campaign with a reward pool of 180,000 $ILV tokens. This launch is set to establish a strong community base for the platform. Illuvium offers game experiences under
Planet X offers gamers a unique experience by integrating blockchain technology with traditional gaming concepts. This innovative approach allows players to delve into a sci-fi shooter world while having the chance to earn tangible prizes. The game revolves around extraction missions where players search for valuable items amidst battling enemies, creating an immersive gameplay environment.
A recent prediction by a crypto analyst suggests that Bitcoin (BTC) could potentially reach an unprecedented value of $263,000. This bullish surge is based on the observation of a technical chart pattern known as the “Cup with Handle.” However, it is essential to critically analyze the conditions that need to be met for this prediction
Cardano (ADA) has experienced a sharp decline in price over the past seven days, dropping below the $0.41 mark. This decrease is part of a larger trend affecting many altcoins, which have been negatively impacted by Ethereum’s recent significant downturn. The current decline in ADA’s price is seen as a correction from a previous bullish
Upon conducting a preliminary investigation, WazirX announced that there was no evidence to suggest that the machines of WazirX signers were compromised during the recent cyber attack on its multi-signature Ethereum wallet. Despite this, the attack that took place earlier this month has sparked concern and scrutiny within the crypto community. Initially, the exchange attributed
Dalmas Ngetich is more than just a seasoned crypto reporter; he is a driving force in the industry. His dedication to covering topics such as NFTs, blockchain, DeFi, and blockchain news for platforms like NewsBTC has set him apart. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has
In recent weeks, Ethereum whales have been actively accumulating ETH despite a decline in its price. Data from market intelligence platform IntoTheBlock reveals that these large investors bought nearly a billion dollars worth of ETH on July 24 alone. This surge in buying activity by whales indicates a strong bullish sentiment towards Ethereum, even as
A Bitcoin mining device called “Bitaxe,” with a hashrate of only 500 gigahashes per second (Gh/s), defied the odds by mining a block on July 24. This achievement is remarkable considering that the device has just a 1 in 1.1 billion chance of achieving this feat every ten minutes. Produced by D-Central Technologies, the Bitaxe
Recently, Coinbase, one of the leading crypto companies, faced a significant setback in the UK. The Financial Conduct Authority (FCA) fined its subsidiary, CB Payments Limited (CBPL), a hefty sum of £3.5 million for breaching Anti-Money Laundering regulations. This fine was a result of CBPL’s repeated violations of the FCA’s guidelines, despite agreeing to strengthen
Ordlify, a no-code platform for developing Bitcoin Ordinals collections, has recently announced a partnership with Magic Eden, a top cross-chain NFT marketplace. This strategic collaboration aims to enhance the experience for creators and collectors within the Bitcoin Ordinals ecosystem, making it easier for non-technical creatives to mint and sell their collections. Magic Eden and Ordlify
Hey Bitcoin.com community! We’ve got some exciting news to share with you. We’re kicking off our initial airdrop of VERSE, the ecosystem token that fuels the Bitcoin.com uniVERSE. Thanks to a community-led proposal, this first airdrop will reward active Ethereum users of the . And guess what? There are more airdrops on the horizon for
As the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) continues, experts are divided on when a resolution might be reached. While Ripple’s CEO hints at a potential agreement “very soon,” others like American attorney Fred Rispoli and Jeremy Hogan have made predictions ranging from July 31 to the end
OKX Racer is a unique Telegram mini app available through the OKX exchange that allows users to predict the price of Bitcoin within a short five-second window. The appeal of OKX Racer lies in its free-to-play model and the potential to earn points and rewards with accurate predictions. Registering and getting started with OKX Racer
The second day of trading for spot Ethereum ETFs saw a significant shift in investor behavior compared to the first day. More than $133 million were withdrawn from the largest financial vehicles, causing a ripple effect in the market. This mass exodus led to a massive price drop in the underlying asset, driving it down
The Machines Arena Play-to-Airdrop (P2A) campaign introduces a gamified reward system that aims to engage users and offer lucrative returns through a play-to-earn strategy. Players earn points through various in-game activities such as playing games, completing quests, leveling up, and owning unique in-game assets like skins and familiars. These points contribute to a player’s position
The crypto industry has been facing a series of challenges under the current Biden-Harris Administration, according to Andreessen Horowitz (a16z) founders Ben Horowitz and Marc Andreessen. They openly criticized the administration’s handling of the cryptocurrency sector, citing a lack of clear regulatory guidance from the Securities and Exchange Commission (SEC). This ambiguity has led to
Cynthia Lummis recently raised concerns about the Biden administration’s suggestion of implementing a 30% excise tax on the energy consumed by Bitcoin miners. She believes that this tax could potentially harm the growing Bitcoin mining industry in the United States. Lummis argues that the concerns about environmental pollution and risks to the energy grid, which
BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement paves the way for unprecedented levels of scalability and functionality for Bitcoin, without the need for changes to its underlying consensus code. Permissionless Upgrades and Decentralization The final verification of
Bitstamp, a popular crypto exchange, has recently announced that it has started the process of returning recovered digital assets to creditors of the defunct Mt. Gox exchange. This development signifies a major milestone in the decade-long effort to compensate those affected by the infamous 2014 hack that resulted in the collapse of Mt. Gox. Bitstamp
In a surprising turn of events, the defunct crypto exchange Mt. Gox has begun repaying creditors affected by the infamous 2014 hack. This development has garnered attention from the crypto community, with many speculating about the potential impact on the market. Initially, there were concerns that Mt. Gox creditors receiving their long-awaited Bitcoin refunds would
Recently, the Russian State Duma passed a bill legalizing Bitcoin mining, aimed at addressing the challenges faced by Russian banks due to regulatory constraints and international sanctions. The new legislation establishes a regulatory framework to oversee crypto mining activities and ensure compliance with tax regulations. This move is significant in bringing mining activities out of
Ethereum ETFs have made their debut in the market, signaling a significant milestone for Ethereum and other altcoins. With this development, industry experts and enthusiasts are eagerly anticipating the effects on Ethereum’s price action in the upcoming months. Renowned crypto analyst Doctor Profit has put forth a bold prediction regarding Ethereum’s value. He believes that